Watch breaking news videos and read news updates about Trading on pionline.com
Active investing in an indexed world
trueWhile active management still plays a critical role in portfolios of all sizes and sophistication levels, it’s hard to ignore the reams of headlines and research notes making the case for passive.
Incoming CEO of BATS looks to expand firm through FX forwards
trueChris Concannon will be taking the reins at BATS Global Markets Inc. with an eye toward expanding the firm's trading in foreign-exchange forward contracts and possibly in precious metals.
BATS Global Markets taps president as new CEO
trueChris Concannon on Tuesday was named CEO of BATS Global Markets, effective March 31.
Investors warming up to trading venues being created by manager groups
trueThe development of buy side-owned equity trading venues has attracted interest from long-term investors.
Luminex offers a wake-up call for dark-pool operators
trueTo U.S. dark-pool operators, the development of an exclusive managers-only trading venue, Luminex Trading & Analytics LLC, is a splash of cold water on the face of an industry that some managers believe has taken institutional investors for granted.
European Commission calls for 2-year pension fund exemption on clearing rules
truePension funds in Europe should be granted a further two-year exemption from compliance with new central clearing rules for over-the-counter derivative transactions, said a report from the European Commission.
Clearbrook appoints head of hedged index strategies
trueManit Rye was named managing director and head of hedged index strategies at Clearbrook Global Advisors.
Money manager group unveils dark pool for stock trades
trueA group of nine fund managers has teamed up to start a dark pool dedicated to large stock trades that will open later this year.
SEC approves new transparency rules on swaps trades
trueMost swaps trades will have to be reported to the public under rules approved by the SEC on Wednesday.
Direct Edge Holdings to pay $14 million in SEC settlement
trueTwo Direct Edge exchanges now owned by BATS Global Markets will pay $14 million to settle charges of improperly describing stock orders, the SEC announced Monday.
BATS Global Markets proposes fee cuts, other changes for equity exchanges
trueBATS Global Markets on Tuesday proposed that equity exchanges implement tiered market-access fees that would cut those fees for the 200 most actively traded U.S. stocks by 80%.
J.P. Morgan settles investor foreign-exchange rigging lawsuit
trueJ.P. Morgan Chase & Co. agreed to settle a lawsuit over its role as one of a number of banks that allegedly rigged prices in the $5 trillion-a-day foreign-exchange market.
PIMCO portfolio manager dismissed over improper trading
trueRahul Seksaria, a PIMCO portfolio manager running inflation-protection strategies, was dismissed after CME Group fined him for improper trades.
European agency seeks more disclosure of soft dollars
trueThe European Securities and Markets Authority is demanding greater transparency and disclosure in the way money managers use client commissions to pay for research from brokers.
Major changes are coming following FX crackdown
trueLast month's $4.4 billion in fines against six major banks over foreign exchange price manipulation has spurred FX trading along the same path as trading in equities and fixed income: more transparency and greater use of electronic venues.